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Federal surplus reaches almost $10B (click here)
Paul Vieira , Canwest News Service
Published: Monday, September 29, 2008
OTTAWA - The federal government posted a surplus for the last fiscal year of just less than $10 billion, the Department of Finance reported Monday, slightly below what had been anticipated.
According to the 2007-08 annual financial report, the Canadian government recorded a $9.6-billion surplus for the 12-month period ended March 31, just off the $10.2-billion target anticipated in the last budget.
Ottawa missed the forecast as revenue was $2.1 billion lower than forecast, whereas expenses were $1.7 billion less than anticipated. Also, public-debt charges were $200 million more than expected....